Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective

@article{Gillan2003CorporateGC,
  title={Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective},
  author={Stuart L. Gillan and Laura T. Starks},
  journal={Corporate Law: Corporate Governance Law},
  year={2003}
}
We examine the relation between corporate governance and ownership structure, focusing on the role of institutional investors. In many countries, institutional investors have become dominant players in the financial markets. We discuss the theoretical basis for, history of, and empirical evidence on institutional investor involvement in shareholder monitoring. We examine cross-country differences in ownership structures and the implications of these differences for institutional investor… 

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